Initia: Ethena’s USDe will become the core part of Initia DeFi application chain transactions, lending and other DeFi activities

avatar
Foresight News
2 days ago
This article is machine translated
Show original
Foresight News reported that Initia announced that Ethena's USDe will become Initia's "DeFi dollar", and will launch an incentivized INIT-sUSDe liquidity pool, providing rewards from L1 staking, Ethena, sUSDe yields, and swap fees. Additionally, Ethena will distribute rewards to Initia's full-stack applications including Cabal, Echelon, and Rave, which use Ethena assets as core components. Furthermore, Ethena is investing in the Initia ecosystem, starting with Echelon.

ENA
1.08%
USDe
0%
Sector:
Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
1
Comments
Followin logo